A 4-day rally gets stopped at the border… Home Prices fall at a -18.12% pace… Alice Rivlin gives her 2-cents…
* Kiwi bond maturities galore next month… And Now… Today’s Pfennig!
Up to 60% of you could be saving money on your property taxes, says our resident tax expert Raife Neuman…
The U.S. housing market continued its tepid trek toward recovery as housing starts in May exceeded expectations, the U.S. Commerce Department said yesterday (Tuesday).
Another Treasury auction today… Spending habits come back to haunt reps… Some healing in the currencies… 10 Banks to repay TARP today… And Now… Today’s Pfennig!
Recent signs of stabilization in the US housing market are “likely to be the mother of all head fakes,” say Whitney Tilson and Glenn Tongue of value hedge fund T2 Partners. They say the signs of ‘stabilization’ are due to two short-term factors:
Reports Point to Housing Market Bottom; Big Three Automakers Beat Estimates; Microsoft Will Unveil New Operating System in Time for XMAS; Dallas Fed President: Economy ‘Getting Less Worse’; European Jobless Rate Climbs; Pepsi Bottling Chief Could Cash In
Perhaps the mishmash of numbers floating around the housing market have you confused. For those who follow the market closely, the daily news seems to bring a never-ending stream of contradictory data.
China Ramps Up Oil Refining; Lowe’s Tops Forecasts; Toshiba Raising $3 Billion in Stock Sale; AIG Fast-Tracking Asian Subsidiary IPO; Obama Sets First Pollution Limits on Cars; Homebuilder Confidence Highest in 8 Months; State Street Sells $1.5 Billion in Stock to Repay TARP Funds; Oil Spikes on Africa Violence, U.S. Refinery Fire
More bad news for housing… one chart shows the bottom could still be far away…Credit crunch slams entitlements… demise of Social Security, Medicare now years closer…Stocks suffer… Bill Jenkins on the “surprise” data behind today’s sell-off…Jim Nelson shares one of “the world’s most exciting growth industries”…Plus, Byron King’s taking profits… a sector worth selling, right now
A.F. analysts clash… can the niche retailer survive the credit crunch?…Crisis begets steadfast citizens… Americans move about the country at lowest rate in 47 years…A long-term outlook on the American stock market…The latest sector to catch Chris Mayer’s attention…U.K. launches historic spending spree, hikes taxes to 50%..